The recent shift from skepticism to optimism may be the first sign of market euphoria that is typical toward the end of bull markets but has been notably absent thus far in the cycle. The Sell Side Indicator – which measures Wall Street’s bullishness on stocks – has rebounded since an all-time low of 43.9 […]
Read moreDave McClure, the founding partner of startup incubator 500 Startups, said in a blog post today on Medium that he deserves to be called a “creep” because of his actions. His apology is a response to a New York Times article that reported on an inappropriate Facebook message to entrepreneur Sarah Kunst while she was […]
Read moreA deal between Google’s artificial intelligence (AI) firm DeepMind and the U.K.’s National Health Service (NHS) “failed to comply with data protection law”, a key British regulator said on Monday. DeepMind — which Google acquired in 2014 — struck a deal in 2015 with the Royal Free NHS Foundation Trust which runs a number of […]
Read moreFor drivers of electric cars, going green is starting to take more green. A growing number of states are imposing new fees on electric vehicles as officials scrounge for ways to pay for infrastructure projects they say are long overdue. At least five states, including California, passed bills targeting the cars this year, bringing the […]
Read moreSnapchat‘s new feature — Snap Map — is the best product innovation Silicon Valley has seen in consumer tech in a while, tech analyst Mark Mahaney told CNBC on Monday. “If they continue to do that kind of thing, and they need to do it, they’ll escape the kind of the death star that is […]
Read moreIf you work hard enough and long enough, then you will succeed. Or so goes the popular ethos in start-up culture. Not so, says billionaire LinkedIn co-founder Reid Hoffman on “The Tim Ferriss Show” podcast. “Hard work isn’t enough. And more work is never the real answer,” says Hoffman, who is now a partner at […]
Read moreMicrosoft is reportedly planning to lay off thousands of employees around the world, according to a report at TechCrunch. The company will make the cuts as part of a restructuring to focus on cloud services, TechCrunch said, noting that Microsoft may be specifically focusing on how it sells its Azure products. The layoffs may come […]
Read moreBank of England staff have voted to hold their first strike in more than 50 years in a push for higher pay, a union said on Monday, adding to pressure for an end to tight controls on public sector wages in Britain. Unite, Britain’s biggest union, said maintenance and security staff at the 323-year-old institution […]
Read moreCheck out which companies are making headlines before the bell: Tesla — CEO Elon Musk on Twitter tweeted that the company would deliver the first of its new Model 3 sedans on July 28, after the vehicle passed all of its regulatory requirements for production. GlaxoSmithKline – The drugmaker signed a new $43 million deal […]
Read moreTorrential rain lashed parts of central and south China on Monday, with floods damaging crops, forcing hundreds of thousands from their homes and killing at least 33, while the north wilted in a heat wave and drought-like conditions. Water levels in more than 60 rivers in southern China have risen above warning levels, the flood […]
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